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3859 E Bart Street Gilbert, AZ 85295

3 Beds 3 Baths 1,837 sqft Built 2019

$465,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $253.13
  • 3 Days on Market
  • MLS # : 6196767
  • Updated Date : 02/26/2021 at 22:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,837 sqft
  • Baths : 2 full , 1 half
Listing Agent

Venture Rei, Llc

Listing Agent's Description

Pristine 2019 built Residence in the ExclusiveRecker Pointe Subdivision in Gilbert! This immaculate 3 bed 2.5 bath, with a den 1837 sq ft,2 car garage home that is situated on a spacious 5604 sq ft custom landscaped lot. This property boasts of upgrades galore! **PAVER LINED DRIVEWAY** **LOW MAINTENANCE CUSTOM LANDSCAPING** ** CUSTOM TILE FLOORING** **2019 BUILT** **VAULTED CEILINGS** **RECESSED LIGHTING** **CUSTOM 2-TONE PAINT** **CUSTOM LIGHT FIXTURES** **CUSTOM BARN DOOR** **UPGRADED GOURMET KITCHEN** **STAINLESS STEEL APPLIANCES** **GAS STOVE** **QUARTZ COUNTERTOPS** **SPACIOUS BEDROOMS** **CEILING FANS THROUGHOUT** **GLASS WALK-IN MASTER SHOWER** **HUGE WALK-IN CLOSET** **COVERED PATIO** **CUSTOM ALUMINUM PERGOLA** **SYNTHETIC GRASS**

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cooley Middle School Middle Unknown 915 39 NA
Williams Field High School High Regular 1,705 64 7

Cooley Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 39
NA
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,615
Property Tax -$318
Property Insurance -$63
HOA -$93
Property Management Fees -$99
CASH FLOW
-$288

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$465,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,504

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,900

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,901

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$1,9004$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 3859 E Bart Street Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.03
    •  
  • 3729 E Oxford Lane Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2003
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 3879 E Robert Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2017
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
  • 3872 E Welton Lane Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2017
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 3950 E Ebano Street Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2017
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Frank Gerola
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196767
Last Updated: 02/26/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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